Recession

Economic Chaos - Who's killing Argentina's Peso?

ARTICLE - Until recently, stable money and sound banking were the two pillars of an otherwise weak Argentine republic. As Argentina confronts its fourth year of recession and finds itself bankrupt, many are now blaming its monetary regime, which…

BoE King - UK recession unlikely, more growth seen

UK - A recession in Britain is not the most likely result of the current global economic slowdown and the country should enjoy continued growth, albeit at a slower pace, Bank of England Deputy Governor Mervyn King said on Thursday 22 November in a speech.

Germany 'is already in recession'

GERMANY - A day after news that the US entered a recession in March a leading economic think-tank has said Germany is already in a recession, and things will get worse later this year.

Buba's Welteke sees no '01 recession in Germany

GERMANY - Germany's economy is not in a recession and will grow at a small rate "above zero" in 2001, Deutsche Bundesbank President Ernst Welteke told German daily Frankfurter Rundschau in an interview conducted 22 October, but published on Friday.

IMF sees no global recession in 2001 or 2002

US - International Monetary Fund First Deputy Managing Director Anne Krueger said Monday 24 September she does not see a global recession in either 2001 or 2002 despite increased economic uncertainty following the 11 September attacks on the United…

Has economic crisis been avoided?

FEATURE - If the reaction of markets so far is anything to go by, the world has avoided the worst case scenario of a global economic meltdown after the terrorist attacks on the US.

Chicago Fed: Recession risks rising

US - The risk that the U.S. economy is in a recession rose in June to its highest level this year, the Federal Reserve Bank of Chicago said on 2 August as it released its monthly index of U.S. economic activity.

NBER - US 'recession' may already have peaked

ARTICLE - In a letter to the editor of the Financial Times in London, Martin Feldstein, President of the National Bureau of Economic Research in the US says that even if a recession occurs it will be a long time before it becomes official.

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